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Showing 51 - 60 of 100+ results for "Age Pension"

Industry fund pushes for simpler super splitting

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
... they can't claim their share of super, for many women this means losing their only income in retirement beyond the age pension." HESTA and WLSV announced they are developing a streamlined and consistent process that all superannuation funds will be able ...

New advice groups detrimental to consumers

HARRISON WORLEY  |  MONDAY, 18 NOV 2019
... play a role. "Robo-advice can give you technically correct optimisation across tax, investments, Centrelink and the age pension. But it actually doesn't empower individuals who don't understand that complexity and need coaching," he said. "To lose weight ...

Actuaries develop retiree rule of thumb

HARRISON WORLEY  |  THURSDAY, 7 NOV 2019
... thumb. The Rule of Thumb Working Group has developed a three-part rule for single retirees receiving a full or part Age Pension but not accessing financial advice, to help them understand how much to draw down from their retirement savings, as they continue ...

CommInsure eyes deferred lifetime annuities

KANIKA SOOD  |  FRIDAY, 18 OCT 2019
... portfolio] in that they can elect to defer the income payment start date," he said. On July 1, the government extended age pension concessional benefits to a wider range of retirement income products. Lytas also thinks that DLAs could find use in developing ...

Retirement income under review

HARRISON WORLEY  |  FRIDAY, 27 SEP 2019
... review's terms of reference will examine the three pillars of the existing retirement income system: the means-tested age pension, voluntary savings (including home ownership) and compulsory super. An independent three person review panel including ...

National Seniors partners with retirement funder

HARRISON WORLEY  |  FRIDAY, 27 SEP 2019
... retirement." Household Capital allows retirees to draw on the savings in their home as well as their superannuation and age pension, through its Household Transfer offering. Launching in March this year, the business has already demonstrated the need ...

Treasury agreed with Grattan SG modelling

KANIKA SOOD  |  TUESDAY, 24 SEP 2019
... Institute's report made three main recommendations on adequacy of retirement income: SG increase should be scrapped, age pension test asset test taper should be relaxed and maximum rate of Commonwealth Rent Assistance should be increased. A key finding ...

Super debate too one dimensional: Rice Warner

HARRISON WORLEY  |  MONDAY, 26 AUG 2019
... Should the SG rate go to 12%? Is the means test a disincentive to save? Do tax concessions reduce the cost of the Age Pension? Will adequate retirement incomes be achieved?" Rice Warner said. "This is understandable in the context of the daily news cycle ...

Complex retirement system requires simplicity: Report

KARREN VERGARA  |  WEDNESDAY, 21 AUG 2019
... number of reforms needed to help fix the retirement system, one of which involves simplifying and integrating the Age Pension with superannuation and aged care. The report, entitled Options for an improved and integrated system of retirement, highlights ...

Low inflation rate masks rising living costs woes

KRISTI CHENG  |  TUESDAY, 13 AUG 2019
... said. "Many retirees would have welcomed the recent decision to decrease the deeming rate in the asset test for the Age Pension but at the same time they have been facing increased costs of living and lower returns from investments, such as term deposits," ...